SANAD ends 2022 with over USD 400 million in impactful investments

February 1, 2023
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The SANAD Fund for MSME (SANAD) announced that it has extended its outreach with over USD 400 million of impactful investments across the Middle East and Northern Africa (MENA) and select countries in sub-Saharan Africa (SSA). This notable accomplishment was achieved by partnering with 41 like-minded partner institutions across the region. It reinforces SANAD’s dedication to empowering small and medium-sized enterprises through impactful investments and tailored technical assistance support.

The year ended on a positive note with the fund successfully extending a EUR 25 million loan to Bank of Africa, marking the continuation of a strategic partnership to strengthen SMEs with a leading bank in Morocco.

The SANAD also announced that it has extended its outreach with over USD 400 million of impactful investments across the Middle East and Northern Africa (MENA) and select countries in sub-Saharan Africa (SSA). This notable accomplishment was achieved by partnering with 41 like-minded partner institutions across the region. It reinforces SANAD’s dedication to empowering small and medium-sized enterprises through impactful investments and tailored technical assistance support.

The year ended on a positive note with the fund successfully extending a EUR 25 million loan to Bank of Africa, marking the continuation of a strategic partnership to strengthen SMEs with a leading bank in Morocco.

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Countries covered:

  • Algeria
  • Egypt
  • Israel
  • Jordan
  • Lebanon
  • Libya
  • Morocco
  • Palestine *
  • Syria *
  • Tunisia